Maven Securities LTD Has $436,000 Stake in The Allstate Co. (NYSE:ALL)

Maven Securities LTD decreased its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 73.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,259 shares of the insurance provider's stock after selling 6,172 shares during the quarter. Maven Securities LTD's holdings in Allstate were worth $436,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Apella Capital LLC lifted its holdings in shares of Allstate by 1.9% during the fourth quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider's stock worth $623,000 after buying an additional 60 shares in the last quarter. Intrust Bank NA lifted its holdings in shares of Allstate by 0.5% during the fourth quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock worth $2,340,000 after buying an additional 61 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Allstate by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock worth $571,000 after buying an additional 62 shares in the last quarter. Mather Group LLC. raised its stake in Allstate by 1.7% in the fourth quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock valued at $697,000 after purchasing an additional 62 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its stake in Allstate by 4.6% in the fourth quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock valued at $270,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays dropped their price target on Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. StockNews.com upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their target price on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Argus raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $225.20.

Allstate Trading Up 1.9%

ALL stock traded up $3.86 during trading on Friday, hitting $209.13. The company had a trading volume of 1,110,471 shares, compared to its average volume of 1,614,962. The business has a 50-day moving average of $199.48 and a 200-day moving average of $195.65. The Allstate Co. has a one year low of $156.66 and a one year high of $212.91. The stock has a market cap of $55.38 billion, a PE ratio of 12.31, a PEG ratio of 1.01 and a beta of 0.32. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.13 earnings per share. Research analysts predict that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.91%. This is a boost from Allstate's previous quarterly dividend of $0.92. The ex-dividend date was Monday, March 10th. Allstate's dividend payout ratio is presently 27.32%.

Allstate declared that its board has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.